NPR headline: How a massive refinery shortage is contributing to high gas prices
June 26, 20225:00 AM ET
Underpinning the decisions not to reopen refineries is the fact that the U.S. is undergoing an energy transition from fossil fuels to renewables.
The Biden administration envisions a future where the world is powered by clean energy rather than oil with its destructive effect on the environment.
“I think the refining executives say, well, looks like the writing’s on the wall,” Cinquegrana says.
In fact, some refiners have repurposed their facilities, where instead of making gasoline from oil, they’re ramping up to produce renewable diesel and sustainable aviation fuel out of feed stocks like soybean oil and used cooking oil.